Mortgage Finance Gazette
Mortgage Finance Gazette –. Blog: We all have a role to play in ‘greening’ the UK housing market. Zoopla reveals third of homes for sale are ‘chain-free’. Rayner moots ending Right to Buy on new social homes: Report. House prices hit record high in October rising 3.9%: Halifax HPI. Rent and mortgage spending growth hits 13-month high ...
Ten of the biggest fraud and money laundering scandals from the …
Jan 13, 2020 · Money laundering and fraud cost UK businesses, citizens and the government more than £100 billion a year, according to the National Crime Agency.The effects can have a devastating impact on ordinary people as well as businesses and the government.
Leasehold issues for lenders: Forfeiture and disclaimer of leases
Mar 15, 2018 · The overall growth in leasehold ownership is resulting in lenders increasingly finding themselves having to grapple with issues affecting their leasehold securities – both in connection with shared ownership and conventional long leasehold properties. Risk of forfeiture Where a borrower defaults on monies due under the lease (usually service ...
First ‘mortgage prisoners’ court trial starts today
Jul 23, 2024 · Mortgage prisoners will claim up to £30,000 in compensation as the first group legal action begins at the High Court today, involving TSB’s Whistletree subsidiary. Harcus Parker says successful cases could open up compensation claims for thousands of former Northern Rock ‘mortgage prisoners’ with average claims estimated to be between £ ...
UK Mortgage Prisoners Action Group urges Govt to 'curb the …
Aug 8, 2024 · The UK Mortgage Prisoners Action Group (UKMP Action Group) has called for the government to take “urgent action” to protect mortgage prisoners and to “curb the tsunami of repossessions and forced sales it is seeing”.
Barclays debuts FTB deals, cuts rates by up to 50bps
Oct 3, 2024 · Remortgage-only reductions: Two-year fixes, with a £999 fee, at 85% LTV, down by 50bps to 5.32% — — minimum loan £5,000, maximum loan £2m. Five-year fixes, with a £999 product fee, at 85% LTV, down by 10bps to 4.93% — minimum loan £5,000, maximum loan £2m. Tagged with: barclays Mortgage rate cuts remortgage residential.
Mortgage Brain rolls out Affordability Hub
May 12, 2020 · A new affordability-based sourcing solution is being rolled out by Mortgage Brain following a successful pilot. It is called Affordability Hub and covers the three main elements needed when sourcing the most appropriate mortgage – the availability of products, criteria and affordability. Affordability Hub ensures that intermediaries can use ...
Mortgage defaults are rising, say lenders: BoE
Oct 10, 2024 · Lenders report that mortgage defaults rose in the third quarter and are expected to lift again in the final three months of the year, according to the Bank of England. A net percentage balance of 12.5 lenders said home loan defaults increased in the third quarter, compared to a balance of 24 over the previous three months, says the central bank ...
Blog: Resolving to collaborate more in 2024 – Mortgage Finance …
Dec 11, 2023 · This is a once in a generation opportunity for the PRA to reduce the regulatory burden while retaining the robustness of the framework, so we appreciate it must take the time to do it once, and do it well. But in two years the project has progressed at a snail’s pace and in 2024 we must see some real progress towards these much needed changes.
Co-op Bank migrates 120,000 mortgage borrowers from Platform
Feb 15, 2024 · The Co-operative Bank has migrated 120,000 mortgage customers from its Platform hub to the new The Co-operative Bank for Intermediaries mortgage brand. The lender says the move is part of a wider technology upgrade, “which will see the bank retire the majority of its legacy systems and data centres” later this year. It adds the new hub ...